Saved Bookmarks
| 1. |
On December 31, 2010, the cash book of Mittal Bros showed an overdraft of Rs. 6,920. From the following particulars, prepare a Bank Reconciliation Statement and ascertain the balance as per pass book. (i) Debited by the bank for Rs. 200 on account of Interest on overdraft and Rs. 50 on account of charges for collecting bills. (ii) Cheques were drawn but not encashed before December 31, 2010, for Rs. 4,000. (iii) The bank has collected interest and has credited Rs. 600 in passbook. (iv) A bill receivable for Rs. 700 previously discounted with the bank had been dishonoured and debited in the passbook. (v) Cheques paid into the bank but not collected and credited before December 31, 2010, amounted Rs. 6,000. |
|
Answer» On December 31, 2010, the cash book of Mittal Bros showed an overdraft of Rs. 6,920. From the following particulars, prepare a Bank Reconciliation Statement and ascertain the balance as per pass book. (i) Debited by the bank for Rs. 200 on account of Interest on overdraft and Rs. 50 on account of charges for collecting bills. (ii) Cheques were drawn but not encashed before December 31, 2010, for Rs. 4,000. (iii) The bank has collected interest and has credited Rs. 600 in passbook. (iv) A bill receivable for Rs. 700 previously discounted with the bank had been dishonoured and debited in the passbook. (v) Cheques paid into the bank but not collected and credited before December 31, 2010, amounted Rs. 6,000. |
|